A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Tax Deductions: Here are some expected tax deduction terms you should know ahead of the budget. Union Budget 2025: The Union Budget is a crucial document that gives an insight into the government ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions. Below, let’s explore critical small business tax deductions ...

Here’s a breakdown of what you can still claim under the revamped system. Deductions For salaried individuals who opt for the new tax regime, there’s a standard deduction of ₹ 75,000 ...

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, ...

If you're searching for tax deductions as a homeowner, renovations and remodels might not be the best place to look. There are some tax benefits to specific home improvements, especially if they ...

Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation ...

The secret is in leveraging both tax deductions and tax credits. Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work to ...

How is it different from tax deductions? Tax deductions are claims made to reduce taxable income from various investments and expenses incurred by a taxpayer, reducing the overall tax liability.

Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a 25% tax ...